Economic efficiency is when every scarce resource in the economy is used and distributed between producers and consumers in such a way as to provide the greatest economic return and benefit to consumers.
The “golden rule” of public spending is fiscal policy, which says that the government should increase borrowing only in order to invest in projects that will pay off in the future.
The Government Sponsored Enterprise (GSE) is a quasi-government organization created to increase the flow of credit to certain sectors of the US economy.
Government Acquisition Contract (GWAC) is a contract under which several government agencies purchase products or services together in order to pay for lower costs.